The NMP Blog

You may have noticed that News From NAMB is not just links to other media stories but also goes to primary sources. News From NAMB is different because we find important information that may not be reported elsewhere and we comment on why it is relevant to you, often in a fun way. Best of all, it is free to NAMB members. News From NAMB is sponsored exclusively by United Wholesale Mortgage

Submitted by on Thu, 2016/06/23 - 3:11pm

On the June 13 episode of my Lykken on Lending podcast, we had the opportunity to discuss the subject of work-life balance with mortgage industry legal expert Mitch Kider and his three sons.

Submitted by on Wed, 2016/06/22 - 2:28pm

One of the most exciting things for me about hosing a weekly podcast for the mortgage industry is that I have the privilege of learning about the latest and greatest technologies the industry has to offer. As I interview so many different people pursuing innovative solutions for the industry, I often forget that there are many who are still completely unaware of the amount of innovation taking place. Many in our industry are still relying on slower and older ways of getting actionable insight.

Submitted by on Mon, 2016/06/20 - 4:21pm

You may have noticed that News From NAMB is not just links to other media stories but also goes to primary sources. News From NAMB is different because we find important information that may not be reported elsewhere and we comment on why it is relevant to you, often in a fun way. Best of all, it is free to NAMB members. News From NAMB is sponsored exclusively by United Wholesale Mortgage

Submitted by on Thu, 2016/06/16 - 4:43pm

One of my favorite subjects to talk about is technology. On my Lykken on Lending podcast, we often spend a great deal of time discussion technology implementation in the mortgage industry. In my consulting practice, I also go over the importance of technology rather frequently with executives in the industry. No matter where the conversation is taking place or who is involved, technology always seems to come up.

Submitted by on Thu, 2016/06/16 - 3:18pm

On the June 6 episode of my Lykken on Lending radio show, we had the opportunity to interview Bill Isaac, former chairman of the FDIC and author of the 2012 best-selling book, Senseless Panic. As we began our conversation, Bill shared with us a perspective that only decades of industry experience can bring: The recession of 2007 wasn't really all that bad.

Submitted by on Mon, 2016/06/13 - 12:34pm

You may have noticed that News From NAMB is not just links to other media stories but also goes to primary sources. News From NAMB is different because we find important information that may not be reported elsewhere and we comment on why it is relevant to you, often in a fun way. Best of all, it is free to NAMB members. News From NAMB is sponsored exclusively by United Wholesale Mortgage

Submitted by on Thu, 2016/06/09 - 4:30pm

In consulting with executives in the mortgage industry, one of the first things I always go to is their business processes. What surprises me most is how many organizations don't have an explicit process for their business. They don't know how everything fits together, so one of the first things I recommend is that they draw a workflow map to show visually how their processes unfold in their organizations.

Submitted by on Thu, 2016/06/09 - 10:31am

Question: We are a lender that has some clients that require their credit score to be rescored via rapid rescore. We order this service through our credit vendor for each bureau that we need updated at a cost of $35 per account per credit bureau. In many cases, these costs can add up quickly. Can we pass this cost on to the applicant?

Answer
The short answer is no, you may not directly or indirectly charge the consumer for the rapid rescore.

Submitted by on Thu, 2016/06/09 - 10:23am

On the May 30 episode of my Lykken on Lending podcast, I ran through a number of economic indicators that are being released by various organizations and agencies. Not all of these indicators are targeted directly to the mortgage industry, and it can be overwhelming to pay attention to all of them as they come out. So, why do we spend so much time talking about them?

Submitted by on Tue, 2016/06/07 - 10:51am

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